BTPS has a corporate trustee, BT Pension Scheme Trustees Ltd, and this company currently has nine Trustee Directors. In addition to the Chairman*, there are four employer nominated Trustee Directors and four member nominated Trustee Directors on the board.
*The Chairman is appointed by BT with the agreement of the recognised BT Trade Unions.
Click each photograph to read their biography.
Otto Thoreson (Chairman)
Otto was appointed as Independent Chairman of the BT Pension Scheme Trustees on 15 February 2019.
Otto has extensive experience in pensions, financial services and consumer issues across a range of private and public sector organisations.
Before starting his portfolio career he was director general of the Association of British Insurers from 2011 to 2015. Previously he was chief executive of AEGON UK from 2005 to 2011. He was the independent reviewer of the Treasury Review of Generic Financial Advice – the Thoresen Review - published in 2008 which led to the creation of the Money Advice Service.
Otto became Chair of NEST Corporation on 1 February 2015. He is also Chairman of the Board of Aviva International Insurance, and the Board of Aberdeen Asset Management’s Life subsidiary.
David represents, and is a director of, The Law Debenture Pension Trust Corporation plc, a professional independent trustee of pension schemes. The Law Debenture Pension Trust Corporation plc was appointed to the Trustee Board on 15 September 2011. He is a member of the Investment Committee and the Responsible Investment Oversight Committee. He stepped down as a member of the AVC Committee on 18 May 2017. He is also a non-executive director of BTPSM.
David has over thirty years of experience working with pension funds in both the public and private sectors, first at Morgan Grenfell as a fixed income fund manager and then at Kleinwort Benson where he was head of fixed income between 1992 and 1998. He is a fellow of the Chartered Institute for Securities and Investment.
Andy was employed by BT from 1975 to 2008. He served on the National Executive Committee of the CWU from 1997, was the President from 1999 to 2008 when he was elected to his current position as Deputy General Secretary (Telecoms and Financial Services). He is responsible for leading negotiations with BT on all occupational matters which has included pensions.
Andy is a former Trustee of the BT Retirement Plan, a Governance Committee member of the BT Retirement Saving Scheme and a Trustee of the NCU Staff Superannuation Scheme.
He has a pension from the BT Pension Scheme and is a member of the NFOP.
Ben was appointed to the Trustee Board on 11 January 2017. He was appointed as a member of the Audit Committee and the AVC Committee on 18 May 2017.
Ben has been a trustee of a number of pension schemes continuously for over thirty years, and until his recent retirement was both chair of the General Federation of Trade Unions Pension Scheme and a member of the board of governance of the Steria Defined Contribution Scheme since its creation in 2010. He has also been a trustee of the BT Retirement Plan (now the BTRSS and now a GPP) and the Accenture AHRS DC scheme.
Ben was National Secretary of the Prospect Communications, Media and Digital Sector until May 2017. In that role, he was responsible for leading all negotiations with BT (and many other telecoms employers) on pensions on behalf of Prospect members. Before becoming a union official in 1984, he worked for the Post Office as an engineer. He has a pension from the Post Office Statutory Pension Scheme and is a member of the NFOP.
Billy was appointed to the Trustee Board on 1 September 1997. He is a member of the Investment Committee and the Responsible Investment Oversight Committee, and was a member of the Audit Committee until 18 May 2017. He is also the senior non-executive director of Hermes Fund Managers Limited.
Billy was employed by Post Office Telecommunications from 1968 to 1978. He is a former national officer of the CWU and its predecessor unions the Civil and Public Services Association and the National Communications Union (NCU). He was responsible for negotiations on pensions matters in the telecommunications and financial services sector and was the lead officer for pensions matters for the BT unions. He is a trustee of the NCU Staff Superannuation Scheme and was chair of its trustee board until 2011. He is a former trustee of the BT Retirement Plan. Billy is a member of the NFOP.
Jim was appointed to the Trustee Board on 26 November 2012. He is a member of the Administration and Communications Committee, the Responsible Investment Oversight Committee and the AVC Committee. He is also an independent adviser to the BTPSM remuneration committee.
Jim is HR director for BT Group. He is a member of BT’s senior leadership team, a trustee of the BT Healthcare Trust and the BT Rehabilitation Trust. Jim has extensive experience in remuneration and benefits and has held senior remuneration and benefits director roles at four FTSE100 companies. He read Economics & Industrial Relations at the London School of Economics & Political Science, and Social Studies & Quantitative Methods at the University of Oxford. He has further qualifications in Theology, Moral Philosophy & Social Ethics and in Electrical & Electronic Engineering.